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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616

ARCHIVED BLOG POSTS

2013 

Stocks opened near unchanged this morning before the economic reports for the day began to take hold.  The Case Shiller report showed a 9.3 increase in housing values over the 20 market areas it follows each month.  At the same time the Chicago PMI a a measure of purchasing managers and the capit...
04/30/2013
Mortgage backed securities (MBS) closed up 6 basis points today at 104.59 having remained once again in the comfort zone above the 100 and 200 moving averages having reached all the way up to touch the second resistance level above before bouncing back down and closing near its low for the day.  ...
04/30/2013
         The House Ways and Means Committee heard a wide variety of opinions lst week at a hearing on housing tax incentives. Representatives of the housing, building and real estate industries as well as policy experts spoke both in favor and against the mortgage interest deduction (MID) tax ded...
04/29/2013
Loan Offerings – I have a bank that offers up to 85% financing on combined loan amounts up to $1,500,000 and no mortgage insurance.  The offer first loans up to 80% and a home equity line of credit for the balance of the 85%.  Their fixed 30 year product is not a great rate compared to 80% 30 yea...
04/29/2013
        Once again rates have remained in their low range with the 30 year conforming fixed remaining at 3/50% with some exceptional borrower with high credit, scores low loan-to-value ratios and low debt ratios able to obtain 3.375%.  The high balance conforming rate for loans up to $601,450 in ...
04/29/2013
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        Once again rates have remained in their low range with the 30 year conforming fixed remaining at 3/50% with some exceptional borrower with high credit, scores low loan-to-value ratios and low debt ratios able to obtain 3.375%.  The high balance conforming rate for loans up to $601,450 in ...
04/28/2013
Stocks meandered all over the lot today as economic news and earnings reports shared projected both good and bad news.  Disappointing earnings from Proctor and Gamble were countered by positive earnings numbers from both Boeing and Ford.  A spokesman from Boeing said that the recent battery probl...
04/24/2013
Mortgage backed securities (MBS) closed up 6 basis points today at 104.25 having remained once again in the safety zone above support offered by the 100 and 200 day moving averages and below difficult resistance levels of previous highs in the market place.  Despite a sell off in all three major ...
04/24/2013
Stocks rallied from the open today as they surged ahead once again toward recently achieved record highs.  A false AP news report of an explosion at the White House did little to derail stock markets from their rapid ascent today.  New home sales remained strong for another week strengthening to ...
04/23/2013
Mortgage backed securities (MBS) closed down 3 basis points today at 104.19 having remained in the safe channel above the 100 and 200 day moving averages and below the two resistance level posed by old high water marks.  MBS bonds sailed in the face of a strong headwind today created by a powerfu...
04/23/2013
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